What Is a Loan That Requires the Borrower to Pledge

question 30

Multiple Choice

What is a loan that requires the borrower to pledge specific assets as collateral?

• A) amortized loan
• B) promissory loan
• C) unsecured loan
• D) secured loan

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Definitions:

Reciprocal Concessions

A negotiation strategy where each party makes compromises to reach an agreement, often strengthening the relationship through mutual sacrifice.

That's-not-all Technique

A sales strategy where additional items or discounts are offered to make a deal look more appealing without giving the buyer time to refuse the initial offer.

Disrupt-then-reframe Technique

A persuasion strategy that involves presenting an unexpected element (disruption) followed by a rational argument (reframe) to persuade someone.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.